Canada to impose 100% tariff on Chinese electric vehicles, 25% on steel
Back to News
Economic news +1August 26, 2024

Canada to impose 100% tariff on Chinese electric vehicles, 25% on steel

1 min read

Read For Me

Listen to this article

Canadian Prime Minister Justin Trudeau announced a 100% tariff on Chinese electric vehicle imports, in line with U.S. measures aimed at stemming the flow of state-subsidized Chinese vehicles into North America.

He also unveiled an additional 25% tax on steel and aluminum products from China.

The additional tax on electric vehicles will take effect on Oct. 1 and will also include some hybrid passenger cars, trucks, buses and delivery trucks. “It will be in addition to the existing 6.1% tariff that applies to Chinese electric vehicles,” the government said in a news release.

The aluminum and steel tariffs will take effect on Oct. 15.

Share:

Categories

Browse all news